Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are tax credits and how can they help low-income families?

0
Posted

What are tax credits and how can they help low-income families?

0

The Earned Income Tax Credit (EITC) provides support to low-income families, including those making the transition form welfare to work. Workers who qualify and file a federal tax return can receive a refundable tax credit. Many states offer a state credit that builds on the federal credit. Not everyone who qualifies for the credit is aware of its availability, and one of the challenges for rural communities is to maximize use of the program by eligible families.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.